Rocket says it's preparing for further declines in mortgage profits
Buyout offers to approximately 2,000 workers are expected to save nation's biggest mortgage lender roughly $180M per year, according to a Q1 earnings call on Tuesday
by Matt Carter May 11
Morty now providing jumbo mortgages up to $3M in 44 states
Online mortgage marketplace focused on homebuyers has doubled its headcount over the last year to 70, as it continues to pursue a goal of serving homebuyers nationwide
by Matt Carter May 11
LoanDepot to lay off workers as originations plunge 48%
Mortgage lender suspends its quarterly dividend after posting a $91.3 million first quarter loss
by Matt Carter May 10
Zillow flexes in the face of a cooling market: DelPrete
Opinion
Zillow and Realtor.com's Q1 results shine a light on two key factors: overall revenue growth is slowing and Zillow's next-gen lead gen business, Zillow Flex, is building momentum
by Mike DelPrete May 10
In record year for title insurers, 'big four' maintain market share
Title insurance premiums surged 36% in 2021 to a record $26.2B as low mortgage rates spurred refinancings, according to an analysis by the American Land Title Association
by Matt Carter May 10
Homebuyer sentiment hits another new record low
A record low 19 percent of Americans say it's a good time to buy a home, according to a monthly survey Fannie Mae's been conducting since 2010
by Matt Carter May 9
Homebuyer demand for mortgages 'consistent and resilient' in April
Lenders saw much of what was left of their refinancing business evaporate as rates climbed to their highest levels in nearly 13 years
by Matt Carter May 8
$13B Black Knight deal still needs approval from antitrust regulators
Intercontinental Exchange Inc. envisions building a 'life of loan' mortgage platform that will produce cost saving efficiencies that benefit consumers
by Matt Carter May 5
Fathom projects continued revenue, agent and transaction growth
The real estate services platform and residential brokerage saw quarterly revenue grow 81% from a year ago, to $90.1M, as Fathom Realty added more than 3,000 agents in Q1
by Matt Carter May 5
Zillow's Flex model offers 'next gen lead gen': Mike DelPrete
Opinion
Zillow's new strategy has the company going back to its roots, doubling down on agent lead gen, and extracting more revenue from real estate commissions
by Mike DelPrete May 5
Financial tech giant strikes deal to acquire Black Knight
Intercontinental Exchange has agreed to acquire Black Knight, a mortgage-industry service provider, at a valuation of $13.1B, it was announced Wednesday
by Daniel Houston May 4
Mortgage rates may level off as Fed unveils details of tightening plan
Mortgage rates may level off despite the biggest short-term interest rate hike in 20 years thanks to the certainty the Fed is providing about its plans to shrink its nearly $9 trillion balance sheet
by Matt Carter May 4
Is now a good time to buy a home? Agents confront mortgage riddle
Buyers have watched mortgage rates shoot from 3% to 5% this year alone, and that common refrain — 'Is it really the best time to buy?' — is always top of mind for clients, agents told Inman
by Daniel Houston May 4
Purchase loan demand perks up as mortgage rates plateau
Uptick in loan requests is 'potentially a good sign for the spring home buying season, which has seen a slow start thus far' says MBA forecaster Joel Kan
by Matt Carter May 4
Shared equity platform Point to launch down payment product
With $115M in Series C funding, Point plans to be in 28 markets within a year
by Matt Carter May 3
Mr. Cooper lays off originators while mortgage servicing business booms
Sale of Xome subsidiary could be in the works as lenders boost foreclosure filings and auction platform's distressed property inventory swells to record levels
by Matt Carter May 3